Chart Patterns

Kyleice

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Does anyone have chart patterns that they look for consistently? Looking to gain a little more knowledge in swing trading!
 
This is one of my favourite setups. Doesnt happen very often but when the situation arises it pays to be all in. The chart is dax post BREXIT gap and paid out 40:1
 

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I am trading Double Top/Double Bottom , H&S pattern, and ABCD pattern in short time frame. Success rate is not bad. overall profitable.
 
Darktones pattern is worth hitting hard.

But seriously.
Kyleice, There is no secret to trading, other than money management (and discipline). So why not just trade the real obvious and simple patterns like charts going up at 45 degrees or more? Then spend your time thinking about money management, trade management, process and discipline (psychology). Just remember there is untold bullsh*t about this subject all over the net and in many books in many bookshops all over the world, the sooner a trader realises this the sooner they can start trading.
Jason
 
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This is one of my favourite setups. Doesnt happen very often but when the situation arises it pays to be all in. ..

I like this one too. You often see a ranging motion between the meatus and the base before a surge to the upside :cheesy:
 
This is one of my favourite setups. Doesnt happen very often but when the situation arises it pays to be all in. The chart is dax post BREXIT gap and paid out 40:1

Would you mind describing the significant elements of the setup that will trigger the trade.

Definitely, I want to add this one to repertoire.
 
Would you mind describing the significant elements of the setup that will trigger the trade.

Definitely, I want to add this one to repertoire.

A key element of darkie's pattern is that it must be on the left side of the chart and the pattern is confirmed through passage of at least 12 month of time.
 
double bottoms and tops, cup and handles constantly come up intermediate term, and intraday. stay away from loose patterns.
 

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the first pattern looks loose to me, while the second pattern looks tight, sharp, and near textbook symmetrical. it can get a little subjective sometimes, you'll have some losers. but if you got a 2 to 1 profit to loss ratio on a trade, better to tolerant a few losers, rather than miss out on winners. you'll notice the market and sector index(gray line) is confirming the technical weakness on the second pattern too.
 

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the first pattern looks loose to me, while the second pattern looks tight, sharp, and near textbook symmetrical. it can get a little subjective sometimes, you'll have some losers. but if you got a 2 to 1 profit to loss ratio on a trade, better to tolerant a few losers, rather than miss out on winners.

Can you please explain the meaning of "loose" and "tight". Thanks.
 
Can you please explain the meaning of "loose" and "tight". Thanks.

did you read this statement i added? this is a big clue on whether the pattern will succeed or fail.

you'll notice the market and sector index(gray line) is confirming the technical weakness on the second pattern too.

the sector and market indexes are sloping up during the first pattern.

loose basically just means sloppy. tight means closer to looking like it were neatly handwritten.
 
I've been using chart patterns for a long time. They're actually quite easy to trade. However they all have to qualify to be a good trade.

I have 3 favorite qualifiers that a chart pattern has to pass.
  1. MACD or a variation of it
  2. Stochastic RSI indicator. Separately they work good but this one is very good
  3. Keltner Channels work pretty good to.
Divergence is a must do with the indicators and the Keltner Channel just takes a bit of practice.

The best, and most profitable chart patterns are
  1. 123 Top/Bottom
  2. Bull/Bear Flags
  3. Various array of Triangles.

The Flags can be a great help in a breakout of almost any chart pattern.

There's an example of a flag on the chart I attached. Simply measure the length of the pole and use the top of the pole as a breakout point. Add the length of the pole to the BO and that can gives a good estimate of the next move.:smart:

I should note that the 2 indicators shown are:
  1. Top --- ADX +- D1
  2. Bottom --- Aroon
Never leave home without them :cool:
 

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Chart Patterns 123

I found this stock NXTTF on the forum. It also has a good 123 Bottom price pattern. It's a bit late to jump into it for the 123 Bottom pattern but I think the Bull Flag would be a good buy on BO. The pole shows about $2.20 USD target.

If the indicators stay valid I will likely jump on board.
A NOTE. I have 2 other indicators for entry/exit.
:cool:
NXTFF
 

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I tried to add this chart to the original post. It appears that I screwed up the edit.

Here's NXTTF showing my 2 trading indicators.

There is a good entry here but the post is about the
123 UP price pattern.(y)
 

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Does anyone have chart patterns that they look for consistently? Looking to gain a little more knowledge in swing trading!

My favourite s are engulfing patterns, dojis and piercing patterns with one important note. No pattern has any significance unless market structure is also considered. For example, all the patterns that I just mentioned must be at or near a S/R level.
 
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